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Views: 65 DOM: 320 Updated: 03.14.24 Posted: 02.10.23 Status: Sold 12.28.23

Summary

Price $1,322,835 $1,400,000
Built/Renov 2023
Tenant 7 Brew Coffee (GL)
Cap Rate 6.35% 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 510
Lease Start 03-01-2023
#Units 27
Price/SF $2,593.79 $2,745.10
Expiration 02-28-2038
Tenant Type Fast Food/QSR
NOI $84,000
R. Term 13.9
Ownership Ground Lease
Rent/SF $164.71
Increases 8.5%/5/yrs
Pop 5Mi 125,865
Lot/AC 0.39
Options 3/5yrs/8.5%
AHHI 5Mi $97,413

Lease Highlights

  • Brand new 2023 construction
  • 7 Brew lease to commence in March 2023 and features a 15-year base term with 3 (5-year) options to extend
  • Lease contains 8.5% rental escalation every 5 years and at the beginning of each option period
  • Strong personal guarantee operates the #1 7 Brew in the entire system

Location Description

This newly constructed 510 SF 7 Brew is strategically located along W Markham Street with clear visibility and access to more than 26,000 vehicles passing by daily. The building will include a double lane drive-thru and sits as an out parcel to a highly visited shopping center, Markham West Center. On average, stores with drive-thrus experience higher sales than those without. The asset is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 7 Brew Coffee (GL)
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:27
  • Stock:Private

About Tenant

7 Brew Coffee is an American drive-thru coffee chain that focuses on bringing high-quality, locally roasted, and fresh coffee beans to the market. The Arkansas-based coffee stands have a retro...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,267 70,059 126,803
2023 Total Population : 8,387 70,535 126,069
2023 Employed Civilian Pop : 4,804 37,504 65,830
2023 Total Businesses : 1,097 3,627 6,515
2023 Average Household Income : $ 74,578 $ 102,736 $ 106,593
2023 Total Consumer Spending : $ 274 M $ 2845 M $ 5152 M
2023 Median Age : 35 39 39
2023 Total Households : 4,182 32,117 56,143
2023 Pop Age 25+: Bachelor's Degree : 1,783 15,073 26,370
2023 Average Home Value : $ 195,464 $ 279,188 $ 306,548
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Bowman Road W Markham St 2021 18,000 0.19 mi
South Bowman Road Westhaven Dr 2021 16,000 0.25 mi
Mara Lynn Road Mara Lynn Dr 2021 7,900 0.26 mi
West Markham Street Entergy Ct 2021 23,000 0.31 mi
Mara Lynn Road N Bowman Rd 2018 15,000 0.32 mi
MARALYNNRD N Bowman Rd 2021 13,000 0.33 mi
West Markham Street Shackleford Dr 2021 26,000 0.34 mi
Mara Lynn Rd N Bowman Rd 2017 14,000 0.36 mi
Chenal Parkway Autumn Rd 2021 38,000 0.46 mi
Chenal Pkwy Westhaven Dr 2016 35,000 0.50 mi

Listing Broker

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